Exactly 2 years of NPP in government, rebounded economy, reduced tariffs, taxes, budget deficits and improved international reserves

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In the last two years, the President and his dependable Vice President have worked so hard to fulfill many of the promises they made to the Ghanaian people.

The facts from various sectors of the economy confirm this conclusion.

  • The economy under President Akufo-Addo has witnessed significant growth in all sectors. Ghana in 2017 recorded the highest growth rate in the whole world. Prior to this, President Akufo-Addo had promised to ensure a rebound of the economy. For four years under President Mahama we saw the economy declined from over 7% in 2008 to a little above 3% in 2016.
  • Inflation has seen a downward trend, recording the lowest rate in the last four years. The debt to GDP ratio has declined from 73% to below 70%. Budget deficits have significantly reduced. Interest rates have gone down. The international reserves have improved to cover for more than three months of import cover. The manufacturing sector has seen a turnaround from its previously negative growth.
  • True to the promises made, the NPP Government has ensured reliable power supply to enhance economic productivity. Electricity tariffs have been reduced for both domestic and industrial consumers.
  • The NPP in its 2016 manifesto promised to abolish nuisance taxes to encourage production. The Government’s maiden budget in March 2017 abolished and reduced as many as 17 such nuisance taxes!
  • From the economic data, it thus appears that President Akufo-Addo and Vice President Bawumia have kept their promise of ensuring prudent economic management.

Source: BestNewsGH.com



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Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

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